A shift in the market supply is called a change in quantity supplied. true or false.

jekas [21]

Answer:

The correct answer is letter "B": is a frontier between all combinations of two goods that can be produced and those combinations that cannot be produced.

Explanation:

A variety of answers to the question: <em>"What is our optimum production capacity?"</em> solves the Production Possibility Frontier (PPF). Increased output requires job creation and the best efficient use of resources. This maximizes the labor force available and reduces the services that are not used.

<em>Plotted in a graph, PPF reflects the possible combinations an organization has and how to optimize output as well as what combinations are not to be produced.</em>

7 0

3 years ago

Kate Company purchased a tractor at a cost of $120,000. The tractor has an estimated salvage value of $20,000 and an estimated l

Irina18 [472]

Options :

A) Straight-line

B) Units-of-production

C) Double-declining-balance

D) All methods produce the same expense in 2017

Answer:

C.) Double declining balance

Explanation:

Given the following:

Cost of tractor = $120,000

Salvage value = $20,000

Estimated life = 8 years or 12000 hours of operation

Purchase date = January 1, 2016

2016 usage = 2400 hours

2017 usage = 2100 hours

Depreciation Expense :

Using the straight line Depreciation :

(120,000 - 20,000) / 8 = 100,000 / 8 = $12,500

Double declining balance :

(100%)/8 = (0.125) * 2 = 0.25

0.25 * 120,000 = 30,000

Unit of production:

(120,000 - 20,000) * (2100 / 12,000)

= 100,000 * 0.175 = $17500

5 0

4 years ago

An investor owns 25% of an investee, and accounts for its investment using the equity method. At the beginning of the year, the

mel-nik [20]

Answer:

A. Journal Entries:

Debit Investment in Investee $100,000

Credit Net Income $100,000

To record the investor's share in net income of investee.

Debit Net Income from Investee $25,000

Credit Investment in Investee $25,000

To record the dividends received.

Debit Net Income from Investee $9,000

Credit Investment in Investee $9,000

To record the unrealized gain on the unsold inventory.

B. Balance of the equity investment at the end of the year:

= $1,066,000

C. Equity income for the following year if all inventories are sold:

= $112,500

Explanation:

a) Investment in investee:

Beginning balance $1,000,000

Net income share 100,000

Dividends received (25,000)

Unrealized gain (9,000)

Ending balance $1,066,000

Equity Income for the following year when all inventories are sold = 25% of $450,000 = $112,500

6 0

4 years ago

Throughout history, big business interests have almost always been at odds with environmentally friendly practices. Although big

klio [65]

Answer:TRUE

Explanation: Eco-friendly policies are policies put in place to enhance the good, conservation and protection of environment either AIR,LAND OR SEA. Eco-friendly policies can actually lead to increased profitability for business Organisations, examples include using Electric cars in place of Diesel or petrol cars, the use of Solar power in place of Diesel generators, the use of biodegradable packaging materials which have been proven to be very cost effective when compared to non-biodegradable packaging materials.

7 0

3 years ago

At May 31, 2017, the accounts of Lopez Company show the following.

frosja888 [35]

Answer:

a. cost of goods manufactured schedule.

Direct materials $62,400

Direct labor $50,000

Manufacturing overhead applied $40,000

Add Opening work in process Inventory $14,700

Less Closing work in process Inventory ($15,900)

Cost of goods manufactured $151,200

b. income statement for May

Sales Revenue $215,000

Less Cost of Goods Sold :

Opening finished goods Inventory $12,600

Add Cost of goods manufactured $151,200

Less Closing finished goods Inventory ($12,600) ($176,400)

Gross Profit $38,600

c.presentation of the manufacturing inventories

raw materials $7,100

work in process $15,900

finished goods $9,500

Total Inventory $32,500

Explanation:

a.Cost of Goods Manufactured schedule included all the manufacturing costs incurred during production.

b.The Income statement is used to calculate gross profit as Sale less Cost of Sales.

c.The manufacturing inventories are presented in the balance sheet in their older of liquidity starting with the least liquid category.

7 0

3 years ago